Standard Deviation is a statistical measurement of volatility based on historical returns. Correlation measures how closely two securities' movements are associated, ranging from 1.0 highly correlated to -1.0 inversely correlated. Inversely correlated numbers are indicated by parentheses in the performance table. Long/Short investments profit from price increases when long, or from price decreases when short.

Investment StrategyThe fund pursues its investment objective by implementing a managed futures and fixed income strategy. The fund seeks to provide exposure to a wide range of global futures markets through the DUNN Capital World Monetary & Agricultural (WMA) Program.

Fund Highlights

Access to DUNN Capital, an industry leading CTA with more than 40 years of history

An alternative to "long-only" commodity funds

Historically low correlation to traditional assets, such as stocks and bonds

An alternative to illiquid private managed futures or CTA funds

Investment OverviewArrow Managed Futures Strategy Fund is a mutual fund that provides exposure to the global futures market through exposure through the World Monetary & Agriculture (WMA) Program, a systematic trading program by DUNN Capital Management, LLC. Managed Futures strategies may appeal to investors seeking portfolio diversification, exposure to non-traditional assets, such as commodities and currencies, and access to directional trading strategies. Managed futures are known for their historically low correlation to traditional assets, which make them a potential portfolio diversification tool. With the ability to go long or short, the fund attempts to capture the economic benefit derived from sustained trends (either rising or declining) across multiple futures markets. Some of the key strategy characteristics of the fund are:

Characteristic

Description

Process

Systematic, rule-based

Diversification

Exposure to more than 50 components

Source of Returns

Directional, trend following

Directional Positions

Long/Short/Flat

Correlation

Low historical correlation to stocks and bonds

There is no assurance that the fund will achieve its investment objectives.

About DUNN Capital Management, LLC Founded in 1974, DUNN Capital Management, LLC is a Commodity Trading Advisor (CTA) with a long, rich history of experience and performance. DUNN uses a fully quantitative and systematic approach to extract profits from up or down markets in order to seek a return stream that exhibits very low correlation with other investments, such as stocks, bonds, real estate, or hedge fund assets.

DUNN's flagship World Monetary & Agriculture (WMA) Program has a track record that spans over 30 years, which serves at the core of the mutual fund's investment strategy. The DUNN WMA program primarily follows a systematic, trend following strategy encompassing a portfolio of more than 50 components across financial and commodity futures.

The Arrow Managed Futures Strategy Fund may not be suitable for all investors. The funds may invest in commodity-related securities, which may be subject to greater volatility than investments in traditional securities. The use of derivatives such as futures, options, structured notes, repurchase agreements and swap agreements may expose the fund to additional risks than investing directly in the underlying securities. Investing in leveraged instruments will magnify any gains or losses on those instruments. Fixed income securities are subject to risks including interest rate, credit, inflation and counterparty risks. The funds may allocate assets to an offshore subsidiary which is not subject to the Investment Company Act of 1940, meaning that changes in laws could result in the inability to operate as described in the prospectus. The fund's use of short selling and investment in currency-related securities involves increased risk and additional costs.

Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risk including loss of principal. An investor should also consider the investment objective, charges, expenses, and risk carefully before investing. This and other information is contained in the prospectus, which can be obtained by calling 1-877-277-6933. Please read the prospectus carefully before investing. Content reviewed by an affiliate, Archer Distributors, LLC (member FINRA).